1Running Head: REAL ESTATE LAWReal Estate LawsNameCourseTutorDateREAL ESTATE LAW2Importance of having a lawyer when carrying out a real estate transactionThe sale or purchase of real property is probably one of the largest financial transactionsone is likely to undertake in a lifetime. It involves unique issues and problems such as a clearunderstanding of the property law which governs various forms of tenancy and leases in propertythat is not experienced in other business deals. To protect one's investment from unexpected legalconsequences, it is important to involve a real estate lawyer from the day one decides to purchasea home to the day he or she becomes the legal owner. (Slossberg, 2015).Before a real property deal is closed, one is required to sign a sale or purchase agreementthat stipulates each person's rights, obligations, disposal price among other requirements. To avoidbecoming a party to a transaction that one is not well cognizant with, it is important to have a realestate lawyer review the contract and explain the required terms, provisions, the current status ofthe subject property, and charges and how they are likely to affect the transa ...
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